Assuming a market interest rate is 10% per annum, how much would Azure Bank report notes receivable if the terms of the loan with a borrower are that the borrower would make one $120,000 payment in two years? a. $99,174 b. $108,844 c. $109,090 d. $120,000 Marsh inc. factors $3,000,000 of its accounts recelvables without recourse for a finanse charge of 4%. The finance company retains an amount equal to 8% of the accounts recelvable for possible adjustments. Marsh estimates the fair value of the recourse liability at $300,000. What would be the debit to Cash in the journal entry to record this transaction? a. $3,000,000 b. $2,880,000 c. $2,640,000 d. $2,340,000